AICPA - American Institute of Certified Public Accountants

02/27/2026 | Press release | Distributed by Public on 02/27/2026 10:30

AICPA Requests IRS Issue Penalty Relief to Farmers Impacted by Form 8995 Changes

In a letter submitted to the Internal Revenue Service (IRS), the AICPA requested penalty relief for qualified farmers due to changes made to Form 8995, Qualified Business Income Deduction Simplified Computation. The changes create a shortened filing window and may cause a disadvantage to some qualified farmers outside of their control.

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